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PERMANENT ENDOWMENT FUND OF THE MOODY MEMORIAL FIRST UNITED METHOD

EIN 76-0680471 GALVESTON, TX

Revenue 2024
$312,657,414
Expenses 2024
$25,828,349

Program services were 95.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
X21
Classification
1000
Street
2200 MARKET ST STE 750

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

The mission of the Endowment is to hold, administer and distribute funds exclusively to and in aid of the religious, charitable and educational purposes of Moody Methodist Church.

Activities or mission (Part I)

Advancing the care of people in the Name and Spirit of Jesus Christ.

  • The Permanent Endowment Fund of the Moody Memorial First Methodist Church (PEF) aids in the religious, charitable, educational, and missional purposes of the Moody Methodist Church and the United Methodist Church.

    Expenses $24,739,845 · Grants $24,162,479

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Bill Glenn III

    Chair, Director

    Total calculated
    $0
    Hours/week
    5

  • Ramona Webb Holbrook

    Secretary, Director

    Total calculated
    $0
    Hours/week
    5

  • Armin Cantini

    Director

    Total calculated
    $0
    Hours/week
    5

  • Edie Harrington

    Director

    Total calculated
    $0
    Hours/week
    5

  • Matthew Hay

    Director

    Total calculated
    $0
    Hours/week
    5

  • Donna Lang

    Director

    Total calculated
    $0
    Hours/week
    5

  • Jere Pederson

    Director

    Total calculated
    $0
    Hours/week
    5

  • Danica Premirelli

    Director

    Total calculated
    $96,320
    From this org
    $96,320
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Kelly Schwab

    Director

    Total calculated
    $0
    Hours/week
    5

  • Bert Bagley

    Executive Director

    Total calculated
    $203,616
    From this org
    $162,763
    From related orgs
    $0
    Other
    $40,853
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,763
    Bonus
    $0
    Other
    $0
    Deferred
    $5,364
    Nontaxable benefits
    $35,489
    Filer's total
    $203,616

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $312,657,414
    Expenses
    $25,828,349
    Contributions
    $292,533,380
    Grants paid
    $24,162,479
  • 2023
    Revenue
    $19,121,503
    Expenses
    $11,625,776
    Contributions
    $14,755,088
    Grants paid
    $10,466,770
  • 2022
    Revenue
    $12,563,184
    Expenses
    $9,842,261
    Contributions
    $8,234,285
    Grants paid
    $8,905,210

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $19,045,257
    Expenses
    $5,182,237
    Assets (EOY)
    $123,313,594

  • 2020 · 990

    Revenue
    $14,451,049
    Expenses
    $10,570,720
    Assets (EOY)
    $111,006,761

  • 2019 · 990

    Revenue
    $13,803,071
    Expenses
    $10,245,661
    Assets (EOY)
    $101,038,593

  • 2019 · 990

    Revenue
    $13,803,071
    Expenses
    $11,872,649
    Assets (EOY)
    $101,038,593

  • 2018 · 990

    Revenue
    $14,837,299
    Expenses
    $11,069,405
    Assets (EOY)
    $86,509,295

  • 2017 · 990

    Revenue
    $11,693,946
    Expenses
    $10,431,649
    Assets (EOY)
    $90,590,946

  • 2016 · 990

    Revenue
    $10,923,624
    Expenses
    $8,539,788
    Assets (EOY)
    $80,218,330

  • 2015 · 990

    Revenue
    $17,744,102
    Expenses
    $8,810,197
    Assets (EOY)
    $74,467,126

  • 2014 · 990

    Revenue
    $14,501,555
    Expenses
    $8,870,989
    Assets (EOY)
    $73,718,997

  • 2013 · 990

    Revenue
    $11,188,267
    Expenses
    $5,287,131
    Assets (EOY)
    $70,378,518

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.